Pinnacle Partners and Trilogy Investment Company have teamed on the creation of a new Build-to-Rent (BTR) Opportunity Zone Fund to capitalize three shovel-ready BTR communities in Decatur, Georgia, Augusta, Georgia, and Huntsville, Alabama.
The new communities will encompass nearly 500 homes in Qualified Opportunity Zones. The companies said the new fund will revitalize these communities with new housing while offering substantial tax incentives to investors.
“This tax-advantaged real estate fund is targeting strong risk-adjusted returns, fueled by long-term positive trends in these markets with an exciting in-demand asset class,” said Jeff Feinstein, managing partner at Pinnacle Partners. “In fact, the fund’s launch is timely for investors looking for more tax-efficient strategies as they complete their year-end tax planning. We believe this is a great opportunity for investors who can manage the risk and liquidity.”
“The Pinnacle/Trilogy BTR OZ Fund is a groundbreaking initiative that will channel significant investments into underserved areas, foster community development and seek to offer attractive returns to investors,” added Jason Joseph, CEO of Trilogy Investment Company.
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